Miscellaneous
← Back to Current Affairs
Portugal Introduces "Solidarity Visa" to Enhance Golden Visa Scheme and Aid Migrants
Published on 11 Jun 2024
- Portugal plans to introduce a "solidarity visa" allowing affluent foreigners to invest in property, aiming to aid migrants and provide residency rights to non-EU nationals.
- This new visa will be an addition to Portugal's existing golden visa scheme, which has attracted significant foreign investment since its launch in 2012.
- The golden visa scheme has successfully garnered over 7.3 billion euros ($7.94 billion) in investment funds, highlighting its economic benefits for Portugal.
Source: SarkariPariksha